USA - New York Stock Exchange - NYSE:SYY - US8718291078 - Common Stock
We assign a technical rating of 1 out of 10 to SYY. SYY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SYY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 75.89, a Stop Loss order could be placed below this zone.
69.05
2 important support areas can be observed.
We found 1 important resistance area.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SYY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SYY is neutral. |
| ChartMill Relative Strength | 35.37 | NEUTRAL | SYY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SYY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.81 | NEUTRAL | The RSI value for SYY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests SYY has a positive trend. |
| Stochastics (14,3) | 64.82 | NEUTRAL | The Stochastics value for SYY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for SYY suggests low volalility. |
| Average Directional Index/ADX (14) | 22.14 | NEUTRAL | The ADX value for SYY suggests a possible start of a new trend. |
76.2
+0.3 (+0.4%)
ChartMill assigns a technical rating of 1 / 10 to SYY.
The current trend direction for SYSCO CORP (SYY) is Bearish.
SYSCO CORP (SYY) has an RSI value of 50.806. This indicates that the stock is currently neutral.
The short term momentum for SYSCO CORP (SYY) is neutral.
SYSCO CORP (SYY) has a support level at 75.89 and a resistance level at 81.59. Check the full technical report for our detailed analysis of SYY support and resistance levels.